Virgin Galactic’s shares (SPCE) Plunged more than 13% on Monday after the company announced that it would sell up to $500 million in common stock after a successful space flight with founder Richard Branson.
Space company Submitted the stock offer Earlier on Monday, the US Securities and Exchange Commission announced that its stock price had fallen by about 10% due to the news. NBC Finance Channel famous.
Virgin Galactic’s stock trading price is Pre-market trading at $52.66 It rose by $3.46, or 7.03%, on Monday. Due to volatility, trading in Virgin Galactic stock was temporarily suspended on Monday morning.
On Sunday, Virgin Galactic launched its crew from New Mexico to the edge of space at an altitude of 53.2 miles. The company plans to start selling seats on its spacecraft VSS Unity in 2022 for a one-hour space flight.
Take it off!This #Unity22 Crew includes @Richard Branson Leaving the U.S. Spaceport, New Mexico #Virgin GalacticThe first manned space flight. pic.twitter.com/RxGYp90nu8
— Virgin Galactic (@virgingalactic) July 11, 2021
Branson said that more than 600 tickets have been sold for the upcoming flight on the Virgin Galactic spacecraft, and the price of a seat on the VSS Unity is approximately US$250,000.
Canaccord Genuity stock analyst Ken Herbert told clients in a research report: “We believe that Branson’s achievement is a large-scale marketing coup by Virgin Galactic, and the public cannot ignore it.” Canaccord Genuity reiterated its views on Virgin Galactic. “Buy” rating with a target price of US$35.
Due to anticipation of commercial space flight, Virgin Galactic’s share price doubled in 2021. On May 11, Virgin Galactic’s stock price was $14.27.
Virgin Galactic also offers two free seats as part of a promotional event for “one of the first commercial Virgin Galactic space flights” to be held early next year with fundraising company Omaze.
Congratulations @Richard Branson with @virgingalactic Because the dream is so big! Now it is your turn…
You can make history and win two seats for Virgin Galactic’s first commercial space flight!
Now enter: https://t.co/WmZo2aixYb#Virgin Galactic #Richard Branson #奥马兹 pic.twitter.com/9qLGKctmnw
— Omaz (@omaze) July 11, 2021
70-year-old Branson was the first billionaire to enter space and defeated Jeff Bezos, founder of Blue Origin And Space X founder Elon MuskBezos will fly to space on the New Shepard of Blue Origin on July 20.
As of 12:07 PM Eastern Time on Monday, Virgin Galactic’s stock price was US$42.43, down US$6.77 or 13.76%.
Photo: Virgin Galactic/Handout
